A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation

作者: Richard M. Bookstaber

DOI:

关键词: EconomicsDemonEconomic historyIndex (economics)EconomyHedge fundMarket riskFinancial innovationDiceLeverage cycleColossus computer

摘要: Preface. Acknowledgments. About the Author. CHAPTER 1 ~ Introduction: The Paradox of Market Risk. 2 Demons '87. 3 A New Sheriff in Town. 4 How Salomon Rolled Dice and Lost. 5 They Bought Salomon, Then Killed It. 6 Long-Term Capital Management Rides Leverage Cycle to Hell. 7 Colossus. 8 Complexity, Tight Coupling, Normal Accidents. 9 Brave World Hedge Funds. 10 Cockroaches 11 Fund Existential. Conclusion: Built Crash? Notes. Index.

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